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553 Merrills Cove Road

553 Merrills Cove Road, Asheville, NC 28803
Property in Buncombe
Sold Jul 12, 2017
$425,000
$340,000 by Acopia Llc
Mortgage Due Aug 01, 2047
553 Merrills Cove Road has been categorized by the local assessors in Asheville, NC as a residential type of property. The building on the property was first built in 1982 and is 42 years old. The home has a total of 3 bedrooms. Residents will have access to 2 full bathrooms. There are 2 partial bathrooms in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 553 Merrills Cove Road has 3,483 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. Those looking for additional storage or space will be happy to hear that there is a partial basement that is 2,552 sqft. Please note, that typically the basement, garage, and or porch square footage is not included in the calculations of the living area square footage. The area measurement of the land has been determined as 62,726 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a conventional style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a garage underground or in the basement for those who require parking. According to our sources, there are a total of 2 available parking spaces. Residents will have the luxury of enjoying both a open porch and a patio. Moving on to the building itself. The condition of the building has been evaluated as fair. From what we've gathered, the quality of these control joints have been graded with a letter grade of C by the local assessor. The building has a gable style roof made of composition shingle. The inside of the home is being cooled with central air conditioning at the moment. In terms of heating, it is utilizing a central heating system. There is a single fireplace in the home. Perfect for those wintery nights. Finally, the property is currently sourcing its water from a water system. The building on the property is connected to a sewer system. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 553 Merrills Cove Road sold most recently in Jul 7, 2017 for a total of $425,000. If you work out the math, that's approximately a cost of $85.93 per sqft. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $2,663 in taxes each year. 553 Merrills Cove Road was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $420,700. If we break it down further, the land itself was valued at $56,100. Improvements to the property, however, were assessed at a total of $364,600. The property's total market value has been marked the same as the total assessed value which is pretty typical. The process of purchasing a home may seem daunting and challenging for many first-time prospective homebuyers. No worries! We've broken down the overall homebuying process into detailed steps and have also included a breakdown on the general amount of time you'll need for each step you have to take. For example, most people don't know that the most important first step of any home buying process is to get pre-approved for a mortgage! With a few months of hard work, you will soon be the proud owner of your property and home.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1982
  • Effective Year Built: 1982
  • Building Count: 2
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: Fair
  • Building Quality: C
  • Building Style: Conventional
  • Roof Shape Type: Gable
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Living Units: 1
  • Basement Type: Partial basement
  • Basement Area: 2,552
  • Garage Type: Underground/basement
  • Parking Space Count: 2
  • Patio Type: Patio
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 62,726
  • Total Building Area: 4,946
  • Gross Building Area: 4,946
  • Building Area: 3,483
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 3,483
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: WM E SR & BELVA E HOWARD
  • Land Acres: 1.44
  • Standard Land Use Code: Single family residential
  • Legal Description 1: SUBDIV: WM E SR & BELVA E HOWARD LOT: 4 PLAT: 0PVT-0SVY

Ownership

  • Current Owner : MUNSELL DANIEL
  • Current Owner 2: MUNSELL SAMANTHA
  • Previous Owner : HOWARD JOSEPH BURTON
  • Previous Owner 2: HOWARD BRENDA NEWTON
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Buncombe County Schools
  • Census Tract: 003202

Zoning

  • Zoning: R-LD

Geography

  • Assessors Map Reference: 9665-97
  • Account Number: 667813-2020-202
  • Parcel: 9665-97-0218-00000
  • Lot: 4
  • Municipality: LIMESTONE
  • Latitude: 35.5064
  • Longitude: -82.465

    Address

  • Full Address: 553 Merrills Cove Rd
  • Address - House Number: 553
  • Address - Street Name: Merrills Cove
  • Address - Suffix Type: Rd
  • State: NC
  • City Name: Asheville
  • Carrier Code: R015
  • 4-Digit Zip Code: 8529
  • Zip Code: 28803

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,663

    Appraisal Valuation

  • Standard Deviation: 0.1841
  • Valuation Date: Oct 04, 2023
  • Confidence Score: 75
  • Final Value: 715,848
  • High Value: 847,639
  • Low Value: 584,056

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $340,000
  • First Open Lien Mortgage Lender: ACOPIA LLC
  • First Open Lien Mortgage Recording Date: Jul 12, 2017
  • First Open Lien Mortgage Loan Amount: $340,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Aug 01, 2047

    Market Valuation

  • Market Total Value: $420,700
  • Market Land Value: $56,100
  • Market Improvement Value: $364,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $420,700
  • Assessed Land Value: $56,100
  • Assessed Improvements Value: $364,600

    Sales

  • Current Sale Contract Date: Jul 07, 2017
  • Current Sale Recording Date: Jul 12, 2017
  • Current Sale Transaction ID: 1590113100
  • Current Sale Price: $425,000
  • Current Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: ACOPIA LLC
  • First Mortgage Transaction Date: Jul 12, 2017
  • First Mortgage Loan Amount: $340,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Aug 01, 2047

About Buncombe



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Frequently Asked Questions

What neighborhood is 553 Merrills Cove Road located in?
The 553 Merrills Cove Road is a located in the neighborhood of Buncombe in Buncombe, Asheville.
What is the average sales price for listings in 553 Merrills Cove Road?
The average sales price for units in 553 Merrills Cove Road is $0 currently.

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